Putman Corporation reported income from continuing operations of $58,000 and net income of $65,000. Putman had 200,000 shares of $2.00 par value common stock outstanding for the year. The capitalization rate is 12%. The appropriate investment decision should be to:
A) sell the stock.
B) hold the stock.
C) buy the stock.
D) get additional information before making a decision.
Correct Answer:
Verified
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